First Industrial Realty Trust (FR) Received Daily News Sentiment Rating of 0.30

First Industrial Realty Trust (FR) Received Daily News Sentiment Rating of 0.30

News headlines about First Industrial Realty Trust (NYSE:FR) have been trending positive on Thursday, according to Alpha One. Alpha One, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First Industrial Realty Trust earned a news impact score of 0.30 on Alpha One’s scale. Alpha One also gave media stories about the real estate investment trust an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

FR has been the topic of several research reports. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, May 2nd. Jefferies Group LLC restated a “hold” rating and set a $29.00 price target on shares of First Industrial Realty Trust in a report on Monday, April 24th. Finally, BMO Capital Markets restated a “hold” rating and set a $28.00 price target on shares of First Industrial Realty Trust in a report on Wednesday, March 22nd.

First Industrial Realty Trust (FR) traded up 0.31% during mid-day trading on Thursday, hitting $28.97. The stock had a trading volume of 131,382 shares. The company’s 50 day moving average price is $28.23 and its 200 day moving average price is $27.21. First Industrial Realty Trust has a 52 week low of $24.56 and a 52 week high of $29.75. The firm has a market cap of $3.40 billion, a PE ratio of 26.48 and a beta of 0.96.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by $0.01. The firm had revenue of $97.38 million for the quarter, compared to the consensus estimate of $97.31 million. First Industrial Realty Trust had a net margin of 37.72% and a return on equity of 11.92%. First Industrial Realty Trust’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. Analysts anticipate that First Industrial Realty Trust will post $0.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.91%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 61.79%.

In related news, Director Bruce W. Duncan sold 17,156 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $27.84, for a total transaction of $477,623.04. Following the transaction, the director now directly owns 995,316 shares in the company, valued at approximately $27,709,597.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Johannson L. Yap sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $28.18, for a total value of $507,240.00. Following the transaction, the insider now owns 296,002 shares in the company, valued at $8,341,336.36. The disclosure for this sale can be found here. Insiders have sold a total of 52,313 shares of company stock worth $1,460,284 over the last quarter. Corporate insiders own 1.83% of the company’s stock.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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